Subsea 7 S.A. (SUBCY)

Subsea 7 Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	575.3	750.9	645.6	597.6	511.6
Cash & Short-Term Investments	575.3	750.9	645.6	597.6	511.6
Cash Growth	-23.39%	16.31%	8.03%	16.81%	28.64%
Accounts Receivable	1,370	1,485	1,327	1,392	1,053
Other Receivables	245.1	246.4	192.1	101.3	79.4
Receivables	1,615	1,731	1,520	1,493	1,132
Inventory	57.4	60.1	49.5	40.3	26.4
Prepaid Expenses	126.1	152.4	111.6	116.8	120.5
Restricted Cash	9.5	7.4	4.4	5.7	7.1
Other Current Assets	91.2	162.9	90.7	74.8	37.7
Total Current Assets	2,474	2,865	2,421	2,328	1,835
Property, Plant & Equipment	4,361	4,489	4,164	4,287	4,196
Long-Term Investments	368.3	343.1	26.6	29.9	32.4
Goodwill	183.7	192.2	191.3	197.2	84.5
Other Intangible Assets	87.6	58.5	31.1	35	46
Long-Term Accounts Receivable	-	-	-	4.4	6.7
Long-Term Deferred Tax Assets	93.6	50.9	38.7	58.7	49.5
Long-Term Deferred Charges	1.7	1.9	1.8	5.3	1.4
Other Long-Term Assets	79.1	59.7	33.6	39.8	39.6
Total Assets	7,680	8,096	6,944	7,023	6,297
Accounts Payable	391.3	355.4	324.8	280.2	301.4
Accrued Expenses	997.5	1,107	907.9	1,039	647.7
Current Portion of Long-Term Debt	138.2	123.5	53.8	61.6	24.6
Current Portion of Leases	223.8	167.8	95.8	88	85.4
Current Income Taxes Payable	125	76.4	49.3	41.5	32.6
Current Unearned Revenue	419.4	428.7	320.9	206.6	281.9
Other Current Liabilities	138.7	357.7	131.9	154.2	177.6
Total Current Liabilities	2,434	2,616	1,884	1,871	1,551
Long-Term Debt	583.8	721.4	302.2	360.3	184.4
Long-Term Leases	231.1	290.5	161.2	142.9	168.6
Long-Term Deferred Tax Liabilities	87.3	43.2	54.4	46	32.2
Other Long-Term Liabilities	41.2	58.8	82.1	102.3	91.3
Total Liabilities	3,385	3,738	2,494	2,534	2,042
Common Stock	591.2	600.9	580.4	590.9	595.3
Additional Paid-In Capital	2,546	2,580	2,503	2,504	2,505
Retained Earnings	1,825	1,780	1,740	1,710	1,747
Treasury Stock	-69.1	-31.1	-75	-32.9	-17.8
Comprehensive Income & Other	-642.2	-606.8	-626.8	-587.6	-602.3
Total Common Equity	4,250	4,323	4,122	4,184	4,228
Minority Interest	44.6	34.1	329.1	304.5	27.3
Shareholders' Equity	4,295	4,357	4,451	4,488	4,255
Total Liabilities & Equity	7,680	8,096	6,944	7,023	6,297
Total Debt	1,177	1,303	613	652.8	463
Net Cash (Debt)	-601.6	-552.3	32.6	-55.2	48.6
Net Cash Per Share	-2.01	-1.85	0.11	-0.18	0.16
Filing Date Shares Outstanding	295.61	300.45	290.21	295.47	297.67
Total Common Shares Outstanding	295.61	300.45	290.21	295.47	297.67
Working Capital	40.2	248.8	536.9	457.4	284.2
Book Value Per Share	14.38	14.39	14.20	14.16	14.20
Tangible Book Value	3,979	4,072	3,899	3,952	4,097
Tangible Book Value Per Share	13.46	13.55	13.44	13.37	13.76
Land	473.7	496.4	517.2	523.1	518.6
Machinery	7,260	7,256	6,866	7,015	6,996
Order Backlog	11,175	10,587	9,008	7,212	6,214

Source: S&P Global Market Intelligence. Standard template. Financial Sources.